Upper house of German parliament approves postal minimum wages
The upper house of Germany’s parliament has approved the introduction of minimum wages to the postal industry, a move the lower house and the cabinet have already approved.
Minimum wages of 8-9.80 eur per hour, as agreed by services union ver.di and an employer’s association dominated by incumbent Deutsche Post World Net AG, are now mandatory at Deutsche Post’s competitors.
Axel Springer AG decided to write down the value of mail services unit Pin Group by up to 620 mln eur after the lower house of parliament approved a minimum wage and after financing talks with its other owner failed.
The German states are represented in the upper house of German parliament.
